Morgan Stanley awarded gold the "best commodity regarding 2013" while Goldman Sachs called the conclude of the metal's hot streak.
After observing 11 consecutive years of guaranteed perpertaining tomance from gold price, 1 calls pertaining to to be wary of inpertaining tomation analysts' price pertaining toecasts, as they have consistently underestimated the moving dynamics driving the precious metal higher.
Take a peek at analysts' annual predictions of gold prices, that may be "a telling picture," CEO Nick Holland of Gold Fields told the crowd at a mining conference last summer.
From 2006 coming from 2011, Bloomberg's contributing analysts have forecasted that future gold prices could be lower. "The analysts who stay telling us the gold price is going down have been wrong seven years away of seven. That's a remarkable track record!" says Holland.
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